Tesco Stock Forecast

Stock Price Forecast

According to 15 analysts polled by S&P Global, Tesco stock has a consensus rating of "Buy" and an average price target of 529p. The average 1-year stock price forecast is 0.99% lower than the current stock price, while the lowest is 480p (-10.21%) and the highest is 580p (+8.49%).

Price Target: 529p (-0.99%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	480p	529p	520p	580p
Change	-10.21%	-0.99%	-2.73%	+8.49%

Analyst Ratings

The average analyst rating for Tesco stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart

Rating	May '26	Jun '26	Jul '26	Aug '26	Sep '26	Oct '26
Strong Buy	6	6	7	6	6	6
Buy	4	5	5	5	5	4
Hold	5	4	3	4	4	5
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	15	15	15	15	15	15

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Manjari Dhar RBC Capital	RBC Capital	Hold Maintains 485p → 510p	Hold	Maintains	485p → 510p	-4.60%	Oct 13, 2026
Borja Olcese J.P. Morgan	J.P. Morgan	Buy Maintains 490p → 500p	Buy	Maintains	490p → 500p	-6.47%	Oct 12, 2026
Frederick Wild Jefferies	Jefferies	Hold Maintains 480p → 500p	Hold	Maintains	480p → 500p	-6.47%	Oct 12, 2026
Unknown Analyst Deutsche Bank No rating	Deutsche Bank	Buy Reiterates 525p → 550p	Buy	Reiterates	525p → 550p	+2.88%	Oct 9, 2026
Matthew Clements Barclays	Barclays	Buy Maintains 515p → 520p	Buy	Maintains	515p → 520p	-2.73%	Oct 9, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

74.95B

from 73.71B

1.67%

from 73.71B

Revenue Next Year

76.96B

from 74.95B

2.68%

from 74.95B

EPS This Year

0.32

from 0.29

10.07%

from 0.29

EPS Next Year

0.34

from 0.32

7.71%

from 0.32

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Feb 26, 2022	Feb 25, 2023	Feb 24, 2024	Feb 22, 2025	Feb 28, 2026	Feb 28, 2027
Revenue	61.34B	65.32B	68.19B	69.92B	73.71B	74.95B
Revenue Growth	5.97%	6.49%	4.39%	2.54%	5.43%	1.67%
Gross Profit	4.24B	4.25B	4.85B	5.36B	5.62B	5.68B
Gross Margin	6.90%	6.51%	7.12%	7.67%	7.63%	7.58%
Operating Income	2.87B	2.60B	2.82B	3.01B	3.09B	3.30B
Net Income	1.48B	737.00M	1.19B	1.63B	1.79B	2.00B
EPS	-	-	-	-	0.29	0.32
EPS Growth	-	-	-	-	5.92%	10.07%
Forward PE	13.32	11.76	11.08	13.15	15.80	16.75
Dividend / Share	0.11	0.11	0.12	0.14	0.15	0.16
Dividend Growth	-5.95%	-	11.01%	13.22%	5.84%	11.46%
Free Cash Flow	-	-	-	-	2.24B	1.87B
No. Analysts	-	-	-	-	-	13

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is GBP.

Revenue Forecast

Chart

Revenue	2027	2028	2029
High	75.8B
Avg	74.9B
Low	73.6B

Revenue Growth

Chart

Revenue Growth	2027	2028	2029
High	2.8%
Avg	1.7%
Low	-0.1%

EPS Forecast

Chart

EPS	2027	2028	2029
High	0.33
Avg	0.32
Low	0.31

EPS Growth

Chart

EPS Growth	2027	2028	2029
High	13.8%
Avg	10.1%
Low	6.9%